$163 Million London Mega Mansion Now Visible In Bird’s Eye View

October 4, 2012

This massive London mega mansion, which came on the market in 2011 for a whopping $163.8 million, is now visible in Bing Maps’ bird’s eye view! WOW! What a property! The bird’s eye view really gives you a sense at the scale. The home is CLEARLY the largest home in the neighborhood. It’s situated on a good amount of land for a London property and definitely has one of the best interiors of any London home I’ve come across.

SOME MORE INFORMATION:

This 14-bedroom house was built in 1910 for sugar magnate William Park Lyle. It has been restored and extended. It is owned by Andreas Panayiotou, CEO of developer, The Ability Group. He was offered this estate as a development opportunity with planning permission for three new houses. However, he wanted to bring the property back to its former glory. The Grade II-listed property was formerly known as “East Weald” and is now called “Heath Hall.” Heath Hall is located on Bishops Avenue, Hampstead, a road in north London that contains many of the city’s most expensive houses. It is know locally as “Millionaire’s Row” or, more recently, as “Billionaire’s Row.” It was extended to include facilities such as an indoor swimming pool. There is now 27,000 square feet of living space. The grounds cover 2.5 acres and with formal Edwardian-style gardens, a tennis court, outdoor pool and parking for up to 40 cars in addition to the five-car garage.

I was gonna’ say that for THAT GIGA FORTUNE you should get Windsor FREAKING Castle and ALL the surrounding acreage but then I thought better of it.

For ONE HUNDRED AND SIXTY THREE MILLION DOLLARS, THE ITEM BEING SOLD SHOULD BE AN ENTIRE CARIBBEAN ISLAND WITH A DONE-TO-THE-NINES, COMPLETELY PROFESSIONALLY DECORATED & FURNISHED, 12,000 SQUARE FOOT HOUSE, ROLLS ROYCE, BENTLEY, FERRARI, CORVETTE AND AN ARMORED SUV!!!!! AND A YEARS WORTH OF MAINTENANCE ON THE HOUSE AND ALL THE CARS!

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BJ

This board sounds like what poor folks say about gated $800K suburban homes. Perspective, it’s all about perspective. Well, that and and an understanding of safe havens in global financial troubles.

No one asks a price in this range that one thinks they cannot achieve. That London is en fuego for uber properties right now is an understatement. A collapsing Euro, tax rates approaching 75% in France, and the general failure of central European governance (Germany excluded) makes London ground zero in asset parking. If I had to guess, a Russian or Indian buyer for this place in the $140M-$155M range. Of course, it won’t happen tomorrow, but this place is just another trophy (like many of the mega-yachts that are out there) waiting for right buyer. Irrational, outrageous, overpriced, etc., but when you don’t have the money it’s easy to call this out for ridicule. When you have the money, however…

I can’t really comprehend what kind of buying power I’d have with $1B or even $10B in net worth. But of course Kenny has always made it fun to think about…Thanks for bringing this property back around for another look.

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Barney

I hear your well-made point, BJ, but the relativism argument really doesn’t hold any water as far as I’m concerned and I’m pretty sure the majority of people who frequent this blog would agree with me. The absolute and undeniable run-amok, pollution & perversion of the euro has eternally destroyed any faintest chance of the comparison you made. The price of this “single family home” (?!?!?!?!?!?!?!?!?!) forever moves the UBER real estate market in the U.K. (and lots of other glamorous locales all over the world) into a inextricably CRAZY level that 98% of the world will NEVER even begin to comprehend.

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Nic

I know this area is highly desirable. If I’m not mistaken they have a large population of billionaires. But for security reasons, I do not like the idea of having those smaller homes behind the estate. The walls are just not high enough. I’m sure they have cameras back there but at night it seems like the weakest point (security wise) of the home. For that kind of money those little houses on the lane would have to come with the property to house guests.

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Grrrowler

I really like the exterior of this. I love the style and so many of the details are beautiful. The interior is nice but I’m sorry to see so much original character not there any longer. It’s sort of boring.

As for the price, yeah it’s ludicrous but comparing it to The Manor with its $150 million asking price makes this look like a bargain. Of course we all know how close to the asking price the sales price for The Manor was… For someone with a few billion dollars of net worth, this nothing and London is one of the best places in the world to live when it comes to services and amenities.

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mac22

“Irrational, outrageous, overpriced, etc., but when you don’t have the money it’s easy to call this out for ridicule. When you have the money, however…”

Ummm……….excuse me but the wealthy people that I know are wealthy because they are not plain old stupid. They do in fact want a return on investment and dont just buy something because they can. This is ridiculously overpriced and anyone who does buy it at even 140-155 million is more than a fool. What is the saying, a fool and his money will soon be parted? While NYC, LA, Asia and even Dubai have become parking grounds for world cash in an unstable world, Not so sure about London with high taxes, but lets presume it is, only the Sultan of Brunei would think this is a good buy since it could burn to the ground and he could order it rebuilt without batting an eye.

It is a wonderful and historic property however and hope it finds a worthy buyer who loves it for itself and not just as a parking dump for excess cash.

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BJ

Wealthy Russians are insane for what they buy. Ignoring that, take the Ecclestone Girls, for instance. They’ve plunked down well north of $100M in real estate recently. Rich, young, and global. Foolish? Not likely since their advisors are some of the best in the business. Even then, I would certainly agree that most globally mobile super-wealthy folks are not buying homes like this. As I said, a trophy property. Had someone said ten years ago dozens of houses would be north of US$100M, I would’ve had the same reaction you have. And yet, there they are…Among thousands of articles, here is some additional perspective:

While I agree that I don’t think they will get close to asking, there are people in this world that are willing to go above market value to get what they want especially when the inventory is low. This home is historic and the renovations that were done seem tasteful judging by the Glen Tree brochure. This area is also very exclusive and not too far from London. As BJ says it is definitely a trophy property and some might be foolish enough to buy just so they can say they own Heath Hall.

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Hunter

After seeing the insane prices of pretty much every property you post that’s in London, I’d say the price is right in line. Fun to think that if you moved this exact estate around the world, the wide range of prices you would see. Put this in the middle of Kentucky or Missouri, for example, and the price would be dramatically reduced. It’s a beautiful estate, but a little to rich for my blood lol..

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